SBI Holdings will launch ‘largest crypto-exchange platform in Japan’

Japan’s financial services giant “SBI Holdings” has made its intention clear to enter the cryptocurrency industry. The news that the firm intended to launch a cryptocurrency exchange towards the end of 2017 which was later postponed. The new declaration is an extension of the previous plan as they anticipate lunch a trade this mid-year.

The company declared – “We are going to draw conclusions in the summer of 2018 for a full-fledged start date while identifying the movement of regulatory authorities.”

Apart from the SBI holdings, many companies have entered to cryptocurrency world but SBI was the most recent to confirm after the postponement due to the Coincheck hack. They also had few minor issues with their own business alliance agreement with Huobi Group in China.

These two incidents withheld the progress for exchange launch but didn’t abduct the entire plan. They went through the licensing process to operate in Japan with an exchange platform without a working project.

The company hasn’t yet announced the official dates for the launch. They have never said that which cryptocurrencies will be listed on the platform except the fact that the market will expect the more popular currencies like Bitcoin, Ethereum, Ripple being in the top. Bitcoin Cash and Litecoin to be considered in their listings.

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